CURIA - Case information

Home > Search form > List of results > Case information

Start printing

Judgment of the General Court (Second Chamber, Extended Composition) of 10 November 2017

Icap plc and Others v European Commission

Competition — Agreements, decisions and concerted practices — Yen interest rate derivatives sector — Decision finding six infringements of Article 101 TFEU and Article 53 of the EEA Agreement — Manipulation of the JPY LIBOR and Euroyen TIBOR interbank reference rates — Restriction of competition by object — Participation of a broker in the infringements — ‘Hybrid’ settlement procedure — Principle of the presumption of innocence — Principle of sound administration — Fines — Basic amount — Exceptional adjustment — Article 23(2) of Regulation (EC) No 1/2003 — Obligation to state reasons

Case T-180/15

(Appeal Case before the Court of Justice C-39/18 P)

Documents in the Case

Document

Date

Name of the parties

Subject-matter

Curia

EUR-Lex

Autres Liens

Judgment (OJ)

08/12/2017

Icap and Others v Commission

Competition
- Agreements, decisions and concerted practices

Judgment
ECLI:EU:T:2017:795

10/11/2017

Icap and Others v Commission

Competition
- Agreements, decisions and concerted practices

Judgment (Summary)
ECLI:EU:T:2017:795

10/11/2017

Icap and Others v Commission

Competition
- Agreements, decisions and concerted practices

Application (OJ)

10/07/2015

Icap and Others v Commission

Competition
- Agreements, decisions and concerted practices

Legal analysis of the decision or of the case

Reports of Cases

published in the electronic Reports of Cases (Court Reports - general)

Subject-matter

Information not available

Systematic classification scheme

3 Legal proceedings
3.02 Actions for annulment
3.02.00 General

4 Internal policy of the European Union
  4.08 Competition
    4.08.01 Agreements, decisions and concerted practices
      4.08.01.04 Adverse effect on competition
        4.08.01.04.02 Restrictions by object or by effect
          4.08.01.04.02.01 Restrictions by object
            4.08.01.04.02.01.01 Prohibition of restrictions by object regardless of their effects

4 Internal policy of the European Union
  4.08 Competition
    4.08.01 Agreements, decisions and concerted practices
      4.08.01.02 Agreements between undertakings, concerted practices and decisions by associations of undertakings
        4.08.01.02.02 Concerted practices

3 Legal proceedings
  3.02 Actions for annulment
    3.02.04 Pleas in law
      3.02.04.04 Infringement of essential procedural requirements

4 Internal policy of the European Union
  4.08 Competition
    4.08.03 Implementation of the competition rules
      4.08.03.02 Procedure for the application of the competition rules by the Commission
        4.08.03.02.06 Hearing of persons concerned and of third parties / Access to the file

4 Internal policy of the European Union
  4.08 Competition
    4.08.01 Agreements, decisions and concerted practices
      4.08.01.07 Imputation of the unlawful conduct
        4.08.01.07.00 General

1 The legal order of the European Union
  1.04 Fundamental rights
    1.04.03 The fundamental rights
      1.04.03.48 Presumption of innocence and right of defence

1 The legal order of the European Union
  1.04 Fundamental rights
    1.04.03 The fundamental rights
      1.04.03.49 Principles of legality and proportionality of criminal offences and penalties

4 Internal policy of the European Union
  4.08 Competition
    4.08.01 Agreements, decisions and concerted practices
      4.08.01.03 Single and continuous infringements
        4.08.01.03.01 Single and continuous infringements: constituent elements and imputation

1 The legal order of the European Union
  1.04 Fundamental rights
    1.04.03 The fundamental rights
      1.04.03.48 Presumption of innocence and right of defence

1 The legal order of the European Union
  1.04 Fundamental rights
    1.04.03 The fundamental rights
      1.04.03.41 Right to good administration

4 Internal policy of the European Union
  4.08 Competition
    4.08.03 Implementation of the competition rules
      4.08.03.03 Fines imposed by the Commission
        4.08.03.03.04 Fines for infringement of Articles 101 TFEU and 102 TFEU (Articles 81 EC and 82 EC)
          4.08.03.03.04.01 Guidelines
            4.08.03.03.04.01.02 Legal nature

4 Internal policy of the European Union
  4.08 Competition
    4.08.03 Implementation of the competition rules
      4.08.03.03 Fines imposed by the Commission
        4.08.03.03.06 Obligation to state the reasons for a decision
          4.08.03.03.06.03 Method of calculating the fine

2 Institutional framework of the European Union
2.05 Legal acts of the European Union
2.05.06 Statement of reasons

Citations of case-law or legislation

Dates

Date of the lodging of the application initiating proceedings

Information not available

Date of the Opinion

Information not available

Date of the hearing

Information not available

Date of delivery

10/11/2017

References

Publication in the Official Journal

Judgment: OJ C 5 from 08.01.2018, p.26

Application: OJ C 245 from 27.07.2015, p.30

Name of the parties

Icap and Others v Commission

Notes on Academic Writings

Ysewyn, Johan ; Corbett, Laura: Case T-180/15 ICAP and Others v Commission, 10 November 2017: Win-win in the cartel settlement procedure: is there a shift in the balance of power?, Competition Law & Policy Debate 2018 Vol. 4 p.4-8 (EN)
Rodriguez, Elvira Aliende ; Noorali, Ruba: Case T-180/15 Icap v Commission : The Facilitator Doctrine and Other Cartel Concepts in Hybrid Settlements, Journal of European Competition Law & Practice 2018 Vol.9 nº 5 p.320-322 (EN)
Idot, Laurence: Concurrence - Parties à l'entente et « facilitateur » d'un cartel, Europe 2018, Janvier nº 1, Comm. 19 (FR)
Imgarten, Nils: The presumption of innocence in cartel proceedings and issues of justiciability before the European Court of Justice : an analysis of the ICAP judgment of the General Court and its implications : Icap Plc v European Commission (T-180/15), European Competition Law Review 2021, n° 2, p. 75-79 (EN)

Procedural Analysis Information

Source of the question referred for a preliminary ruling

Information not available

Subject-matter

Competition
- Agreements, decisions and concerted practices

Provisions of national law referred to

Information not available

Provisions of international law referred to

Information not available

Procedure and result

Actions for annulment : dismissal on substantive grounds
Actions for annulment : application granted

Formation of the Court

Deuxième chambre élargie (Tribunal)

Judge-Rapporteur

Prek

Advocate General

Information not available

Language(s) of the Case

English

Language(s) of the Opinion

Information not available

Reports of Cases

Subject-matter

Systematic classification scheme

Citations of case-law or legislation

References in grounds of judgment

Operative part

Opinion

Dates

Date of the lodging of the application initiating proceedings

Date of the Opinion

Date of the hearing

Date of delivery

References

Publication in the Official Journal

Name of the parties

Notes on Academic Writings

Procedural Analysis Information

Source of the question referred for a preliminary ruling

Subject-matter

Provisions of national law referred to

Provisions of international law referred to

Procedure and result

Formation of the Court

Judge-Rapporteur

Advocate General

Language(s) of the Case

Language(s) of the Opinion